GBPUSD analsysis for November 29, 2022 – Potential for the upside continuation

Technical
analysis:

GBP/UISD
has
been
trading downside
yesterday but I see potential for the upside continuation of the
bigger trend.

Trading
recommendation:

Due
to the strong
upside momentum in the background, I see potential for further rally.

Watch
for the potential buying opportunities on the intraday dips with the
upside objective at the price of 1.2100

MACD
oscillator is showing fresh upside momentum, which is strong sign
that buyers are in control.

Key
support is set at the price of
1.1940

The material has been provided by InstaForex Company – www.instaforex.com